Pershing Yoakley & Associates, Real Estate Data Shield and Security Compliance Associates entered into an affiliation to offer a single-source compliance solutions for real estate settlement service providers.
The affiliation’s new brand is Certification+. The package will include information technology, cyber security, education and industry-specific compliance solutions. The brand will offer a discounted security and compliance service to satisfy the regulatory and compliance requirements for the seven pillars of ALTA’s Best Practices to meet lender and regulator mandates.
“Our goal is to assist both lenders and service providers by streamlining the certification process with a bundled compliance package and single point of contact under an easily-recognized brand name,” said Mike Shamblin, managing principal of audit and assurance services with PYA.
“Certification+ is the brand that will deliver an unparalleled, lender-oriented certification package, which includes employee education, seven-pillar certification, and cyber/information security compliance,” said Shamblin.
Real Estate Data Shield CEO Chris Gulotta said offering everything in one place will make it easier for clients.
“As lenders, regulators, and title insurance underwriters escalate their certification requirements to ensure that personal information and settlement funds are secure, our companies have joined forces to make it easier for agents and attorneys to complete ALTA Best Practices certification while meeting GLBA compliance requirements,” Gulotta said.
“Offering a one-stop-shop for a suite of compliance services through industry-leading organizations makes sense for all industry stakeholders from lenders to service providers and ultimately to consumers. Our organizations had already been working together on common clients, so it was a natural progression to formalize our affiliation,” Gulotta said.